Rhode Island § 3-10-11 § 3-10-11. Limit on wholesaler's profits — Payment of excess to state.

Rhode Island Statutes

§ 3-10-11 — § 3-10-11. Limit on wholesaler's profits — Payment of excess to state.

Rhode Island·Title 3 Alcoholic Beverages·Ch. 3-10 Taxation of Beverages

§ 3-10-11. Limit on wholesaler's profits — Payment of excess to state.
Every holder of a wholesaler's license is entitled only to retain for himself or herself
            those profits in his or her business as are necessary to repair loss or shrinkage
            in his or her capital invested in the business plus nine percent (9%) per annum cumulatively
            upon the amount of capital actually invested in the business. All profits in excess
            of that amount shall be paid annually by the wholesaler to the treasurer of the state
            for its own use.
         

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§ 3-10-11. Limit on wholesaler's profits — Payment of excess to state.

Every holder of a wholesaler's license is entitled only to retain for himself or herself those profits in his or her business as are necessary to repair loss or shrinkage in his or her capital invested in the business plus nine percent (9%) per annum cumulatively upon the amount of capital actually invested in the business. All profits in excess of that amount shall be paid annually by the wholesaler to the treasurer of the state for its own use.

Rhode Island § 3-10-11 (§ 3-10-11. Limit on wholesaler's profits — Payment of excess to state.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.